Samsung Electronics facing trouble to continue its Liquid Crystal Display (LCD) unit, because of it sales come down up to 10% of last year, increased competition with Chinese manufacturer also declined the flat-screens demand which brings the company in oversupply situation. South Korea’s Samsung electronics is the world’s largest LCD flat-screen manufacturer, which they mostly used in Smartphones, television, computer, laptops display, considering to control its loss-making liquid crystal display (LCD) Business.
Samsung electronics planning to shift on a new technology of flat screen display, which is presently used in few top smartphones called organic light emitting diode (OLED), further converted into Televisions, laptops display.
Samsung electronics spokesman James Chung said. “We are internally reviewing various options but nothing has been decided yet,” he added it is considering various options to improve competitiveness of its loss-making LCD flat-screen business but declined to comment on a media report that it may spin off the operation.”
Research Manager of IDC’s Worldwide Display Group, Annabelle Hsu, told to BBC “Samsung is not the only electronics firm that has been struggling to keep its LCD unit profitable, South Korean rival LG and Japan’s Sony, the other two major players in the sector, have experienced similar problems” she added While growth in the LCD sector is slowing, the OLED segment is expected to boom in the coming years, and according to rough estimates, Samsung’s OLED revenues is expected to increase by almost 600% by 2014.